Crypto trades surged to $18 billion in 24 hours, driven by altcoins like XRP and DOGE, surpassing the stock market's $14 billion performance.
XRP price saw a couple of swing moves from the $2.85 resistance. The price is consolidating near $2.50 and might aim for more gains above the $2.65 level.
As we step into December 2024, altcoin season is in full throttle. The Altcoin Season Index hitting an all-time high of 88/100 signals a massive shift in focus to alts, and Solana is once again in the spotlight.
President-elect Donald Trump has chosen Paul Atkins, a pro-crypto figure, to chair the Securities and Exchange Commission (SEC), according to reports by Unchained. Current SEC Chair Gary Gensler announced he will step down on January 20 when Trump is inaugurated. Atkins, who served as an SEC commissioner under President George W.
Binance Coin (BNB), the native cryptocurrency of the Binance blockchain, has officially entered a new price discovery phase, recently reaching an all-time high of $774 late Tuesday. This significant milestone reflects a broader trend in the cryptocurrency market, where attention has shifted from Bitcoin (BTC) to altcoins like BNB and XRP, both of which have demonstrated impressive price movements over the past 48 hours.
Recent Price Volatility Driven by Whale Trading XRP has experienced significant price swings recently, primarily due to large investors, known as whales. Over the weekend, these whales purchased approximately 160 million XRP, valued at around $380 million, which contributed to a recent price surge.
Ripple is preparing to launch a new stablecoin, RLUSD, which is expected to be backed by the U.S. dollar. This new token is anticipated to receive regulatory approval from the New York Department of Financial Services (NYDFS) soon.
On Tuesday, Dec. 3, XRP, the native crypto asset of the XRP Ledger (XRPL), is priced at $2.54 per coin, reflecting a 4.9% drop over the past day. Despite this dip, XRP has shown an impressive performance, gaining 81% this week and soaring 354.62% over the past three months.
Binance Coin (BNB) has surged to a new all-time high, hitting $775, as it gains significant bullish momentum. The cryptocurrency's rapid price increase follows the breakout of a key technical pattern and the formation of a golden cross, both of which suggest further upside potential.
If you're a crypto holder, a keen market observer, or just reading the headlines lately, you'll know that a few cryptocurrencies are making waves. In addition to Bitcoin, which is currently teasing the $100k level, Ripple's XRP is creating a price surge: the altcoin is enjoying a solid 107% gain in the last week, data from Coingecko shows.
Ripple's XRP is down by more than five percent at the time of writing and is trading at $2.56 levels. The price hit a range high of $2.82 before hitting a reverse.
XRP fell to $2.27 as South Korea's martial law announcement rattled markets, but price recovery highlights robust investor demand.
XRP's 400% rally in the past month has ignited a wave of growth for meme coins within the Ripple ecosystem.
XRP trading has surged dramatically, with Falconx, an institutional digital asset prime broker, reporting a tenfold increase in volumes during Q4, driven by institutional investors. Austin Reid, global head of revenue and business at Falconx, stated: “XRP trading is on fire.
The rise comes amid growing concerns about DEX vulnerabilities, with one bot reportedly stealing $40 million in just three months.
The recent surge in XRP's price has driven it to levels not seen in years. A possible reversal candle on the daily chart, however, suggests that the trend might be slowing down.
Whale activity for the native token of the XRP Ledger, XRP, has hit a new all-time high after the token's price exploded upward over the past month, allowing the cryptocurrency to become the third-largest digital asset by market capitalization.
Developers working on the XRP Ledger have agreed on major changes to the XRPL in response to the blockchain's recent surge in popularity. According to developer WietseWind on the social media platform X, XRPL Labs changed the configuration of its validator last month to lower fees and reserve requirements in anticipation of rising activity on-chain.
XRP, the digital currency once known for its utility in global payments, is experiencing an impressive surge, not just in price, but in network growth. The cryptocurrency has recently added over 22,000 new wallets to its network in just one day, signaling a rise in investor interest and increasing use of the XRP Ledger.
Altcoin season index hit 82, indicating a strong alt season last seen in Q4 2023.
After the XRP rally above $2.60, the primary token was not enough. The Ripple army is now trying to build a native meme token ecosystem.
XRP has been on a significant upsurge in the past few weeks. Notably, the XRP price recently surged to $2.81, its highest market value since January 2018, marking a significant milestone in its price trajectory.
The XRP Ledger has become a hotbed for meme coin activity with thousands of tokens emerging, driven by XRP's recent price surge. Meme Coins Are Flying on XRP The XRP ecosystem is currently witnessing a surge in meme coin activity, catalyzed by a significant rally in XRP's price.
It's now cheaper and easier to maintain an account on the XRP Ledger thanks to validators approving a reserve fee reduction of 90%.
San Francisco-based enterprise blockchain company Ripple has announced its decision to join the Pledge 1% corporate philanthropy movement.
The Ripple co-founder has ridden XRP's 390% surge since election day to a $9.2 billion fortune.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Long and short position traders alike are in the red Tuesday amid XRP's rise and dip, plus impact from South Korea's political upheaval.
In the world of blockchain technology, decentralization is often seen as a core principle. However, when it comes to Ripple's XRP Ledger, the debate around its decentralization has been a point of contention.
On December 3rd, the Tron network's token, TRX, reached its highest price ever recorded. TRX Now Among Top Ten Digital Assets On Dec. 3, TRX, the native token of the Tron network, hit a new all-time high of just over $0.28 after surging approximately 33% in 24 hours.
XRP took center stage in South Koreas crypto market, smashing $7 billion in trading volume on Upbit. The staggering rally overshadowed market turmoil as XRP surged to a multi-year high, briefly outpacing the KOSPI stock indexs daily trading volume.
Today, December 3, several cryptocurrencies have experienced notable price increases, leading many to speculate that the altcoin season may have arrived. According to CoinGecko, all of the trending altcoins have seen upward price movement.
Hedera (HBAR) has been on a dramatic upward trajectory, surging by an astonishing 90% in just two days.
XRP, has recently gained significant attention in the cryptocurrency space, experiencing a meteoric rise of over 420% in the last 30 days. This surge has pushed XRP past other major cryptocurrencies such as Solana (SOL), Binance Coin (BNB), and Tether (USDT), making it the third-largest cryptocurrency by market capitalization.
XRP stands to be one of the biggest beneficiaries of the next US administration as the push for XRP exchange-traded funds (ETFs) intensifies. The post XRP Skyrockets 435% as WisdomTree Pushes for ETF Approval – Will Prices Double Again? appeared first on Cryptonews.
Ripple's XRP is making waves in the cryptocurrency market, recently surging past the $2 mark in a powerful rally that has reignited investor enthusiasm. Now trading around $2.73, XRP is testing critical resistance levels as it sets its sights on the highly anticipated $3 milestone.
Analysts attribute XRP's rise to the third-largest cryptocurrency by market cap to optimism around regulatory changes and Ripple's ecosystem expansion. What Happened: Speaking with Benzinga, industry experts highlight how Ripple's (CRYPTO: XRP) business growth, including the launch of its RLUSD stablecoin, and potential shifts in SEC leadership are driving demand for XRP.
The trading volume for the XRP/KRW pair on South Korea's Upbit exchange surpassed $7 billion earlier today, according to data provided by CoinMarketCap.
XRP price has captured significant market attention this week, achieving a milestone by surpassing the $2.5 mark for the first time since November 2018. The cryptocurrency's value doubled amid a broader market rally, reflecting increased investor enthusiasm and robust sentiment.
XRP (Ripple) price has surged to its highest levels in six years, reaching new milestones amid growing optimism around the coin's ecosystem. The coin has skyrocketed approximately 450% over the past 30 days, making it one of the best-performing cryptocurrencies in the market.
As the crypto market prepares for a new season of growth, XRP has opted to reduce its reserves 10 times lower. The current adjustment reflects a decrease to $2.64 from $26.40.
Ripple Labs-backed XRP Ledger (XRPL) has launched a new software update, marking another enhancement for the layer-1 protocol. With this update, developers must update the latest version, dubbed rippled 2.3.0.
Cardano could be the next to surge after XRP, as the ADA price shows signs of an imminent market recovery. A crypto analyst has projected that the ADA price could experience an epic breakout to $4.88 this bull cycle.
The US SEC's lead attorney in the Ripple lawsuit, Jorge G. Tenreiro, has joined the agency as its Chief Litigation Counsel, sparking discussions in the crypto market.
Amid political upheaval in South Korea, the price of Bitcoin fell by 33% on Upbit before rebounding, with XRP charting an even sharper dip.
The trading volume of popular cryptocurrency XRP on the leading U.S. crypto exchange over the past 24 hours has temporarily exceeded the combined turnover of Bitcoin (BTC) and Ethereum (ETH) today.
TRON (TRX) performed one of the biggest sleeper rallies, and is one of the assets with no drawdowns since the start of 2024.
For XRP Ledger, this decision to lower barriers for new users on the network also frees up funds it previously held in reserve.